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April 23, 2012 09:00 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/m4HFlLMWuS8/pay-what-you-like-pricing-stud.html
Pay-What-You-Like pricing study is bullish on naming your own price
A paper in the Proceedings of the National Academy of Sciences reports on an experiment to test how pay-what-you-like pricing performs when compared with merchant-driven "discount" pricing, and suggests that people pay more when given the choice. Ironically, the paper isn't priced on a pay-what-you like basis (it's $10 for two days' access). We investigate [...]Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/m4HFlLMWuS8/pay-what-you-like-pricing-stud.html
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